Siebert Cisneros Shank Leaps to Second Nationally in Co-Managed Muni Bond Issues

NEW YORK - Jan. 17, 2019 - PRLog -- Siebert Cisneros Shank & Co., LLC (www.siebertcisnerosshank.com) leaped into second place overall as a co-manager of municipal bond issues in 2018, its highest ranking ever, and held onto its title as the nation's No. 1 minority/woman-owned firm for a record 20th year.

As a co-manager, the firm finished the year with $53.9 billion in par amount, outranking several larger firms, including Bank of America, Merrill Lynch and Morgan Stanley. It clocked in at 22.6% market share, just two-tenths of one percent behind the nation's leader in that category, JP Morgan Securities.

By serving as lead manager on 50 issues – six more than in 2017 - totaling $5.8 billion in par amount, the firm held its title of top-ranked minority and woman owned bond firm for the 20^th time in its 22-year history.

The firm moved up in several other individual categories as well, coming in 4^th nationally in senior managed airport deals, with $1.3 billion in par amount, more than double its total from 2017. It moved up to No. 6 in water and sewer rankings, with $1.2 billion in par amount.

"2018 was once again a very strong year for the firm, achieving a level of success against our competitors that in some cases was unprecedented, a clear indication that we remain among the strongest performers when it comes to structuring, pricing and distribution," said CEO and Chairwoman Suzanne Shank. "I am proud of our team for their dedicated efforts in serving our clients, helping to ensure that we are not just an outstanding minority-owned firm but one of the best firms, period. We will not stop here. We plan to reach for even greater heights in 2019."

"This is one of the most talented, aggressive and competitive teams, state by state, region by region, in the industry," said Partner and Head of Investment Banking Gary Hall. "Our bankers can stand toe-to-toe with anyone, structuring and executing deals that lead the market and put our clients in the best possible position. I look forward to continuing to work with our outstanding teams to carry the momentum into 2019."

In summer 2019, Mr. Hall as selected chairman of the Municipal Securities Rulemaking Board (MSRB), the first African-American to hold that important position.

Dual headquartered in New York and Oakland, CA, SCSCO has 17 offices nationwide. It has transacted more than $1.4 trillion of municipal bonds and $1.1 trillion of corporate bond and equity transactions since its founding in 1996.

It earned the distinction in 2010 of becoming the first minority-owned firm in America to rank among the top 10 senior managers of municipal bonds.